Sweep Facility

Overview

Sweep Facility from Bank of Bermuda automatically moves idle funds between your Corporate U.S. Dollar Account and HSBC Corporate Money Funds to keep your cash working for you 24 hours a day.

This innovative cash management service provides money market returns while retaining the convenience of full operating account access.

Need more information?

Small Businesses

Call us on 299-5555

Larger Businesses

Call us on 299-5333

More about Sweep Facility...

HSBC Corporate Money Funds (HCMF) is an off-balance-sheet money market fund rated Aaa by Moody's Investor Services.
Daily dealing for the liquidity demanded by corporate investors
Access to two classes of shares with differing rates of return, depending upon balance
Dividend earnings on holdings in HCMF
Sweep threshold authorises the Bank to sweep any funds in excess of the threshold to the Corporate Money Funds.

What you should know before you apply

A Daily Sweep constitutes a purchase or sale of shares in HSBC Corporate Money Funds, which are not protected by the Bank’s balance sheet.
Bank of Bermuda is licensed to conduct investment business by the Bermuda Monetary Authority.

Find out more about...

HSBC Corporate Money Funds